A presentation given by an IFA at a ‘money club' is set to cost the firm £45,000 in compensation after the Financial Ombudsman Service (FOS) ruled its slide show strayed into advice.
The FOS has upheld an investor's complaint that she received unsuitable advice from the firm - the name of which Professional Adviser is currently unable to disclose - despite the deal being transacted...
'Exact timescale' of complaints not yet provided
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